An economist says the Canadian housing market could be in for a rebound this year after a cautious 2023.
T-D Bank economist Rishi Sondhi says that optimism depends largely on the forecasts of the Bank of Canada cutting interest rates, which may begin as early as the second quarter.
Home prices softened in several areas late last year, including in the Fraser Valley.
Vancouver Realtor Tim Hill says he is optimistic of consumer sentiments slowly shifting as prices improve in recent months.
At the United Nations today, Trudeau said during a news conference he wants India to take the matter seriously and work with Canada to ensure accountability and justice. At a briefing today, Indian External Affairs Ministry spokesperson Arindam Bagchi said no specific information had been shared by Canada on the Nijjar case.
C-N Rail says its crews are responding after 14 railcars loaded with potash derailed near Rayleigh. Spokesperson Scott Brown says there were no dangerous goods involved and no leaks, injuries or fires reported.
The Transportation Safety Board of Canada says it will be deploying a team of investigators to Campbell River after an airplane accident. The agency says it involved a privately registered De Havilland D-H-C-2.
A Fraser Valley, B.C., First Nation is expected to provide an update on its work into missing children and unmarked burials at three former residential school sites. The investigation was launched after ground-penetrating radar located what are believed to be more than 200 graves at a former residential school in Kamloops in May 2021, prompting similar searches and findings in several provinces.
Tensions between Canada and India worsened today following Prime Minister Justin Trudeau's claim that India may have been involved in the killing of a Canadian citizen. India halted all visa services for citizens of Canada and said it anticipates Ottawa will reduce its diplomatic presence in India.
A 32-year-old man has been arrested after a series of random assaults in West Vancouver yesterday. West Vancouver Police say officers responded to reports of a man aboard a transit bus punching two senior woman in their heads before repeatedly punching the driver.